The facts of the Glenn Neasham case are pretty straightforward. Fran Schuber was diagnosed with dementia four years prior to meeting and buying an indexed annuity from Glenn Neasham at the age of 83. Schuber went to Neasham’s office on the advice of a trusted friend. The friend was a satisfied client of Neasham’s and thought an indexed annuity would yield Schuber more interest than her bank account. Neasham escorted Schuber and her friend to the bank to make a $175K withdrawal to purchase the annuity. Schuber signed a disclosure form verifying that she understood the annuity contract’s features and penalties; Neasham collected his commission. The state of California worked hard to bring this case to trial. In the end, Neasham was found guilty of felony theft and was sentenced to 90 days in jail.
ThinkAdvisor's TechCenter is an educational resource designed to give you a competitive edge by keeping you abreast of new tech innovations and need-to-know information that can be applied to your business.
Are you ready? Here are 10 ways you can grow your production now.
This guide will help your clients save money and make smarter decisions during their retirement.
The complete tax guide for Annuity Advisors
May 11, 2017
Mega trends continue to impact the wealth management industry. Trends such as new digital competition, increasing compliance standards, fee pressures, and an aging advisor population....
May 03, 2017
Join this complimentary webcast to understand how to better connect with consumers so you can develop high-value packages that work for both sponsors and beneficiaries...
Apr 12, 2017
Energize your firm’s productivity with technology by joining the experts at Envestnet as they share how to increase profitability and gain a competitive edge with...